Fed’s Emergency Loans to Banks Fall in Sign of Easing Turmoil
- Borrowing fell to $152.6 billion in the week through March 29
- Lending through new program rises, discount loans fall
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Banks reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent week, a sign that liquidity demand may be stabilizing.
US institutions had a combined $152.6 billion in outstanding borrowings in the week through March 29, compared with $163.9 billion the previous week.